Hi Lily, just a quick clarification: the 100-hour rule only qualifies for material participation if no one else, like cleaners or property managers, spends more time than you.

🤔Areas that Work (With Strategy): ApexCity Rules: Relatively ignores STR.HOAs: Apex has a high prevalence of Homeowners Associations (HOAs), many of which have covenants that restrict or prohibit STRs.

They won't hit your 1% rule, but nothing rarely does unless its in a bad area.

@Samuel PetersThe 1% rule is just one piece of the puzzle.

Our attorneys are in the process of filing a lawsuit against you, "John Doe," and will soon subpoena BiggerPockets to reveal your true identity by obtaining the the data from your IP Address.If it turns out that you are falsely posing as an investor or client of our company, then this is an additional crime which we will pursue you for to the fullest extent of the law.

@Jonah B. it would be customary and appropriate to do a move in/move out condition inspection, and to have any specifics like house rules, quite hours, parking arrangements etc all down in writing and they can be exhibits to the lease or have it in a lease addendum. 

If you advertise it like a traditional listing, you could risk violating real estate laws and be seen as operating without a license.Some states have tighter rules than others.

When starting on Airbnb, it will be impossible to implement this rule to verify age because it's against their new policy to discriminate based on age.

The 1% rule means nothing without solid jobs and a good local economy.

A 1031 exchange from a personally held property into an LLC using a DSCR loan is possible, but it requires careful planning to stay compliant with IRS rules (especially around "same taxpayer" requirements).